Hanmi Semiconductor Chairman Kwak Dong-shin purchases an additional 10 billion won of treasury stock

Hanmi Semiconductor [042700] announced on the 4th that Chairman Kwak Dong-shin would acquire an additional 10 billion won worth of treasury stocks with his own money.

As a result, Chairman Kwak will acquire a total of 80.2 billion won in treasury stocks starting in 2023.

The scheduled acquisition date is the 2nd of next month, and 55,560 shares will be acquired on the market. The expected acquisition price is 180,000 won per share, and the total purchase amount is 10 billion to 800 million won.

Once this acquisition is completed, Chairman Kwak Dong-shin's shareholding will increase to 33.69%.

Chairman Kwak has been purchasing treasury stocks with his own funds in earnest since 2023. In particular, following 3 billion won in April, 8 billion won in June, 5 billion won in July, and 700 million won in October, an additional 10 billion won was purchased this year, totaling 26.7 billion won worth of treasury stocks.

An official from Hanmi Semiconductor said, "Chairman Kwak's purchase of additional shares is a sign of confidence in the company's technological capabilities and future growth, as well as his will to practice responsible management as the largest shareholder."

He continued, “We will strengthen our global competitiveness by entering the U.S. market and expanding the supply of cutting-edge packaging equipment, and we will increase our corporate value and shareholder value through continued growth.”

Hanmi Semiconductor is continuing its sales growth thanks to the growth of the artificial intelligence (AI) semiconductor market and increased investment in high-bandwidth memory (HBM) and advanced AI packaging manufacturing facilities.

Sales and operating profit in the third quarter of this year recorded 181 billion won and 90.8 billion won. This is an increase of 8.9% and 33.9%, respectively, compared to the same period last year.

Following 2024 and 2025, it is expected to achieve the highest annual sales ever this year, breaking the record for three consecutive years.